RTTNews - Thursday, the interest rate decisions from the Bank of England and the European Central Bank are in focus.
At 7.00am ET, the Bank of England is set announce its interest rate decision. The central bank is expected to hold the key rate at a record low. Last month, all nine members of the Monetary Policy Committee unanimously decided to continue with its quantitative easing measures worth GBP 125 billion and also stood united in retaining the Bank Rate at 0.5%.
The British Chambers of Commerce urged the Bank of England to utilize the full GBP150 billion already allocated to the asset purchase programme. Further, the business lobby said the ceiling of the QE programme should be raised by another GBP 30 billion to GBP 180 billion.
The European Central Bank is also forecast to hold the interest rate at 1% for the third straight month. The decision is due at 7.45am ET.
At 1.45am ET, consumer sentiment survey results are due from Switzerland's State Secretariat For Economic Affairs. Consumer sentiment is forecast to drop to minus 42 in the third quarter from minus 38 in the second quarter.
At 3.00am ET, the Czech trade balance and Hungarian industrial production and external trade reports are due. The Czech trade surplus is expected to increase to CZK 14.5 billion from CZK 11.7 billion in May. Meanwhile, the Hungarian trade balance is seen at EUR 518 million in June, up from EUR 479.8 billion in May.
At 3.30am ET, the Statistics Netherlands is set to issue CPI for July. Annual inflation is forecast to fall to 0.7% in July from 1.4% in June.
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